Cement News tagged under: Malaysia
Indonesia: Indocement cuts production by 1Mt10 August 2016, Published under Cement NewsPT Indocement Tunggal TBK will cease operations at two production lines at its Citeureup plant due to the national cement excess, resulting in a 1Mta drop in output levels. The fall in cement sales in the country resulted in Indocement seeing its domestic sales volume drop 3.7 per cent to 7.9Mt QoQ in 2Q16. However, exports for the company increased by 190,000t when compared to the same period last year. President Director of Indocement, Christian Kartawijaya, said, “we supply a lot of pr... |
Malaysia: cement production down 4.2% in six months to June01 August 2016, Published under Cement NewsDemand for cement in Malaysia looks set to grow but slowly in 2016 as production numbers for the first half of the year indicate. According to reports in the Edge Financial Daily, cement production fell by 4.2 per cent in 1H2016, with demand forecast to grow by just three per cent under the most optimistic projections. In an interview with Edge, Thierry Legrand, CEO of Lafarge Malaysia, said: “[Demand] is likely lower than last year, as whether the expected infrastructure projects can ... |
SE Asia towards oversupply?20 June 2016, Published under Cement NewsThe southeast Asian cement market has seen rapid demand growth in recent years. Backed by favourable macroeconomic trends, it is likely to remain one of the fastest-growing cement markets. Many cement producers, both local and international, performed very well in this region and are keen to expand their existing capacity, while for others entering these enticing markets has become a priority. By The Jakarta Advisory Group, Indonesia. Fast-growing southeast Asian markets are attractin... |
Malaysia: slow cement growth in 201603 June 2016, Published under Cement NewsMalaysia is proving to be a challenging market for Lafarge where it is reported to have seen profits fall by 72 per cent in 1Q16 to US$5m. While this has resulted partly from production issues, it represents a significant fall in sales from a year earlier when profits were up at US$17.9m for the 1Q15. Indications are that Lafarge is not the only producer finding the Malaysian market somewhat challenging at present. Depreciation of the ringitt also saw Cahya Meta Sarawak Bhd (CMS) raise it... |
Malaysia: Lafarge takes 1Q16 hit on net profits26 May 2016, Published under Cement NewsLafarge Malaysia Bhd is optimistic about its prospects this year despite having had a challenging 1Q16. The company's net profit fell nearly 72 per cent to US$5m in the first quarter of this year from US$17.9m in the same period a year earlier. President and CEO, Thierry Legrand, attributed this to lower contribution from the cement segment, following continued price competition and one-off integration costs following the acquisition of Holcim (Malaysia) Sdn Bhd. "But are we are well-po... |
Malaysia: Hume Industries wants more time for land extension06 May 2016, Published under Cement NewsHume Industries Bhd is seeking a 24-month extension from the Securities Commission (SC) in order to acquire occupation certificate for its Sabah industrial land. The firm had in April 2014 sought SC's approval for the purchase of the full equity interests in Hume Concrete Sdn Bhd (then known as Hume Industries (Malaysia) Sdn Bhd) and Hume Cement Sdn Bhd. Among the requirements set by the SC was for the company to obtain the occupation certificate for the industrial land within 24 months... |
Malaysia: Cahya Mata Sarawak to raise MYR1bn for capex08 April 2016, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) plans to raise MYR1bn (US$255.9m) in syariah-compliant fund for its capital expenditure (capex) requirements and working capital. According to Group Chairman, Tan Sri Syed Anwar Jamalullail, the Sarawak conglomerate expects to undertake a proposed sukuk programme of up to MYR1bn in nominal value for a period of up to 20 years. This proposed sukuk programme will help fund CMS' working capital and capital expenditure requirements as well as offset general corp... |
LafargeHolcim02 March 2016, Published under Cement NewsLafargeHolcim has inaugurated 0.1Mta of additional grinding capacity at the Ndola cement works in Zambia, taking the annual capacity there to 0.5Mt. In addition to supplying the domestic market, this works exports to the Congo. In France LafargeHolcim is ceasing clinker production at Le Havre and at La Couronne. There will be a considerable reduction in staffing levels as only 31 will remain at Le Havre and 27 at La Couronne. The US$765m deal to sell one integrated works and one grindi... |
CMS cement division sees decline in pretax profit02 March 2016, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) of Malaysia said group revenue rose seven per cent to MYR1.79bn (US$430m) in 2015 from MYR1.67bn a year earlier, mainly driven by the Construction Materials & Trading Division and Construction & Road Maintenance Division. Group pretax profit increased by 12 per cent to MYR381.65m in 2015 from MYR341.45m in 2014, primarily due to higher revenue recorded by the two previously-mentioned divisions and higher share of results of associates contributed by a newly-ac... |
Lafarge Malaysia sees stable 2015 pretax profit01 March 2016, Published under Cement NewsLafarge Malaysia Bhd reported a pretax profit of MYR345.157m (US$82.86m) for the financial year ended 31 December 2015 versus MYR345.183m a year earlier. Revenue rose to MYR2.75bn, up from MYR2.743bn previously, the company said in a filing to Bursa Malaysia. Meanwhile, 4Q15 pretax profit decreased by 7.8 per cent mainly due to the one-off acquisition expenses incurred as well as higher finance cost arising from the borrowings for the acquisition of subsidiaries, it said. Lafarge Mal... |